# Eastern Caribbean (ECCU): CA Regression Detail

| Variable | ECCU: Z+ctrl | ECCU: Z only | ECCU: Age |
|:---|---:|---:|---:|
| Z_1 | -82.9419 | -21.3049 | |
| | (80.3671) | (77.0552) | |
| Z_2 | 12.2309 | 4.2807 | |
| | (11.1367) | (10.8263) | |
| Z_3 | -0.5211 | -0.2447 | |
| | (0.4283) | (0.4216) | |
| fiscal_bal_gdp | 0.6866*** | | 0.6018*** |
| | (0.1599) | | (0.1540) |
| nfa_gdp_lag | -3.1930 | | -5.0647* |
| | (3.2274) | | (2.9944) |
| rgdp_growth | 0.0197 | | 0.0139 |
| | (0.0826) | | (0.0817) |
| old_dep | | | -156.2946*** |
| | | | (48.8207) |
| youth_dep | | | -1.2318 |
| | | | (10.1525) |
|:---|---:|---:|---:|
| N | 109 | 114 | 109 |
| R² | 0.3392 | 0.1873 | 0.4125 |
| Countries | 6 | 6 | 6 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*